Market Wrap: Bitcoin Slumps to Lowest Level in Over a Month After Powell Affirms Hawkish Monetary Policy

The first cryptocurrency dipped 4.3% to around $20,549, its lowest point since July 16, after the head of the U.S. central bank said the Fed would maintain its restrictive monetary course. This article originally appeared in Market Wrap, CoinDesk’s daily newsletter diving into what happened in today's crypto markets.

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Community reacts after SEC’s Gensler affirms BTC’s commodity status

Gensler said he saw many crypto assets having attributes of a security, adding that Bitcoin is the only crypto he was comfortable publicly labeling as a commodity.

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Shanghai court affirms that Bitcoin is virtual property, subject to property rights

A district court in Shanghai ruled for Bitcoin owner’s right to compensation in case involving unpaid loan and decided on Bitcoin legal status in the process.

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Bitcoin Price To Hit $6,500 Before Marathon Loses Money On Mining, CEO Reveals

Key takeaways Marathon, a leading Bitcoin mining firm affirms that the operation remains highly profitable. Marathon’s CEO reveals that Bitcoin would have to plunge 80% to become unprofitable.

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Russia Affirms It Won’t Make Bitcoin Legal Tender

A Kremlin spokesperson has ruled out bitcoin becoming legal tender in the country, calling the cryptocurrency a detriment to the financial system. The post Russia Affirms It Won’t Make Bitcoin Legal Tender appeared first on BeInCrypto.

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Amid BTC Boost, Popular Crypto Whale Affirms Bitcoin Likely To Tank Below $30k By Autumn

It appears that “CryptoWhale,” a popular crypto personality known for unapologetically sharing his thoughts on cryptocurrencies, especially Bitcoin has sighted a possible bear market in the near term.

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Former CIA Director Affirms Bitcoin Criminal Usage Is “Significantly Overstated”

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Low Volatility Affirms $130,000 Bitcoin Target, Says JP Morgan Analyst

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‘Bitcoin To The Moon’ – Lindsey Lohan Affirms

Bitcoin’s price has been surging in recent months, setting new record highs every other month. This has attracted wide interest from mainstream media, and with it, celebrity endorsements for the top crypto.

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“Bitcoin is one hell of an invention,” says the founder of world’s largest hedge fund

The founder of the largest hedge fund -as ranked by Wikipedia- Ray Dalio has recently documented his thoughts on the leading cryptocurrency. Dalio took to LinkedIn to share his “what I really think of Bitcoin” piece, in which he affirms Bitcoin’s outstanding nature as a new and emerging technology that, in only a decade of […]

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Visa CEO agrees Bitcoin is digital gold, affirms readiness to partner with crypto exchanges

Alfred Kelly, the CEO of the American multinational financial services corporation Visa has recently made some noteworthy comments about cryptocurrencies like Bitcoin. In its recent Q1 earnings call, the CEO noted the “growing interest in digital currencies,” as he disclosed the company’s plans for cryptocurrencies in the near future.

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Ripple CEO Brad Garlinghouse On Bitcoin and XRP – “Institutional Investor Interest Is Skyrocketing”

The crypto market has been rapidly growing of late, with top cryptocurrencies like bitcoin and ethereum breaking new feats. In line with that, Ripple CEO Brad Garlinghouse affirms the obvious truth that institutional investor interest in cryptocurrencies is on the increase.

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Venture Capital Executive Affirms $250,000 Bitcoin Call as Stock Markets Plunge

Venture capital investor Tim Draper remains bullish on Bitcoin despite global economic concerns and declining stock markets. BTC itself has pulled back to support and is holding slightly above $9,500.

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Bitcoin to Beat Dow Jones to $40K, Affirms Thomas Lee

Perma-bull Fundstrat Managing Partner Thomas Lee calls this year’s Bitcoin rally ‘textbook’. Affirms that BTC could almost triple in 2020 and beat the Dow Jones to $40K. Thomas Lee Calls for a $40K Bitcoin On Jan 29, Fundstrat’s Managing Partner and Head of Research Thomas Lee claimed that Bitcoin was “re-entering” a bullish market.

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Bitcoin demand is strong affirms prominent crypto-trader

In a recent thread on Twitter, popular cryptocurrency trader, Scott Melker, posted his findings on analyzing candle wicks on the monthly Bitcoin charts. Wicks usually show the extent to which an asThe post Bitcoin demand is strong affirms prominent crypto-trader appeared first on AMBCrypto.

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Mnuchin Affirms $1.5 Trillion Unaccounted For, Still Demands Strict Bitcoin Regulation

U. S. Treasury Secretary Steven Mnuchin remarked last week that a reported $1. 5 trillion in missing cash — mostly one hundred dollar bills — was “sitting in bank vaults all over the world.

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Crypto “Marketing Experts” End Up in Scams, Affirms Jimmy Song

Crypto developer Jimmy Song has tweeted that many ‘marketing experts” who enter the crypto space end up working for scam projects. Bitcoin Doesn’t Need Them Crypto author, Song, posted on Twitter yesterday three points.

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Bitcoin Is Still The Number One Choice of Crypto on the Dark Web: Europol Affirms

There is an old saying when someone is arrested for illegal activities on the dark web: he should have used Monero. Curiously, it seems that this practice is not as common as some people think. A recent report made by the Europol has concluded that only a small fraction of people use Monero (XMR) for […]

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Google’s New Quantum Computer Is Not a Risk To Bitcoin, Affirms Developer Peter Todd

Google has claimed they were able to create the first quantum computer in the world. Can this be a threat to Bitcoin? Several people were concerend by the possibility that quantum computers could disrupt the crypto network, but Peter Todd, an ex- Bitcoin Core developer, doesn’t agree with them. To understand why Todd doesn’t believe […]

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Bitcoin Needs Optimal Regulations Before Major Exchange Listings, SEC Chair Affirms

Jay Clayton, the chairman of the U. S. Securities and Exchange Commission, recently stated that Bitcoin (BTC) needs to be better regulated before it can be traded on major exchanges. According to him, the crypto markets are largely unregulated and prone to manipulation.

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Bitcoin Will Put Banks In Their Respective Places Eventually, Investment Expert Affirms

Jared Dillian, an investment strategist who works at Mauldin Economics,recently tweeted that Bitcoin and the crypto technology have the potential to destroy the banking system. According to him, it is not a question of “if, but when” this will happen.

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Bitcoin’s New Bottom Is $10,000 USD, Prices To Go Up, deVere CEO Affirms

The CEO of the deVere Group, Nigel Green, has recently published his latest opinion on the Bitcoin market on his blog. According to him, Bitcoin is having a great time right now and the $10,000 USD mark has been solidified as the new bottom of the market. He defined the price as the “new normal”, […]

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Winklevoss Twin Talk About Bitcoin’s Potential To Improve Lives by Putting Citizen’s Needs First

Cameron Winklevoss, known as one of the Winklevoss twins, recently talked about how powerful Bitcoin is a disruptive tool and how it can benefit people. He used his Twitter profile to highlight a study made by Max Raskin.

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Ugh, this is what Bitcoin’s hash rate means and why it matters

Welcome to Hard Fork Basics, a collection of tips, tricks, guides, and info to keep you up to date in the cryptocurrency and blockchain world. Earlier this year, Bitcoin was setting records for 12-month price highs.

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Out of 200,000 Bitcoin Transactions, Only 2% Were Illicit, MIT’s AI Lab Affirms

Everybody in the crypto industry knows how some people have a pretty bad opinion of Bitcoin. Said to be the currency used by scammers and criminals, Bitcoin is often the target of severe criticism. Fortunately, a recent experiment made by the MIT-IBM Watson AI Lab has proved that only a small fraction of the Bitcoin […]

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Bitcoin Will Continue Its Meteoric Rise In “A Week From Today”, John McAfee Affirms

On June 26, 2019, Bitcoin remarkably spiked to its year-to-date high of $13,796. However, the top cryptocurrency began trading downwards which has landed its price around $9,500 today. John McAfee, on the other hand, believes Bitcoin’s decline in price is nothing to worry about.

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US Treasury Secretary, Steve Mnuchin Affirms He Won’t Be Buying Bitcoin In 10 Years From Now

Bitcoin has been in existence for a whole decade since the mysterious Satoshi Nakamoto coded the network and put it online back in 2009. Over the years, the crypto has garnered quite a following, but not without criticism from people who think cryptocurrencies are shams.

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Ripple CEO Brad Garlinghouse Affirms There’s No Competition Between BTC and XRP, Reveals He’s a Bitcoin HODLer

In a recent interview, Ripple CEO, Brad Garlinghouse made a remarkable disclosure. Garlinghouse in a statement on the show confessed that he was a bitcoin holder. This may be surprising to a lot of people, but Garlinghouse does not think of bitcoin as a competitor to XRP.

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Anthony Pompliano Affirms “This Bull Market is Going to be Incredible”

Anthony Pompliano, Pomp for short, a co-founder and partner at Morgan Creek Digital, also known for his price forecasts, especially on the most valuable cryptocurrency, bitcoin, took to Twitter recently to voice his opinion about the present state of the cryptocurrency market.

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Bitcoin’s Sharp Rise Shows Its Hedge in a Crisis Potential for Investors, But Only Gold Is Safe, Executive Affirms

Peter Boockvar, the Chief Investment Officer of the Bleakley Advisory Group, has made some very interesting remarks on a recent interview with CNBC. According to the CIO, Bitcoin (BTC) could be used in order to inform investors who are currently worried about how the United States-China Trade War can harm their business. He talked about […]

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Kraken affirms that it pays some of its employees in Bitcoin [BTC]

Kraken, one of the most popular exchanges in the crypto-verse, recently affirmed that they have been giving Bitcoin [BTC] as salaries to some of its employees. Sources claimed that the move was the next big thing in the market as it might evolve to become the next major trend in the modern economy.

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Bitcoin Advocate Ron Paul: The Fed Is A Total Failure Played Its Part In Making America Broke Again

Pro-Bitcoin Ron Paul Affirms That The Fed Is A Total Failure That Broke America There are not a lot of political figures which are very cherished in the crypto world. However, some figures do stand out on several occasions.

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2019 Bitcoin (BTC) Rally Will Be Bigger Than In 2017, Digital Currency Group’s Barry Silbert Affirms

2019 Bitcoin (BTC) Rally Will Be Better Than In 2017, Digital Currency Group CEO Affirms Barry Silbert, known as the CEO and founder of the Digital Currency Group (DCG), is currently one of the most important venture capitalists in the crypto market today.

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Bitcoin Slips in Popularity So Regulation Is Not a Priority For Russia Anymore, Prime Minister Affirms

When Bitcoin emerged as one of the hottest assets in the world in 2017, the world started to be concerned about how to regulate cryptocurrencies. Unfortunately, though, most countries have been dragging their feet somehow.

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2020 Presidential Runner Andrew Yang Affirms Regulars Need To Be Clear With Crypto Rules and Regulations

Andrew Yang is the crypto candidate for president of the United States. Because of this, he basically had to appear on Consensus 2019, the most important crypto conference in the United States. There, the hopeful candidate discussed several issues like Bitcoin, the blockchain technology and his pretension to run for the White House. During his […]

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The Biggest Threat To Bitcoin Are The Users, Not Governments, Cobra of Bitcointalk.org Affirms

Bitcoin faced some bad times last year. The BTC market was able to reach a price of $20,000 USD per token last year but most of the value was lost afterward. This month, however, Bitcoin is on the rise once more.

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Binance CEO CZ Affirms Craig Wright Isn’t Satoshi Nakamoto, Threatens to Delist Bitcoin SV (BSV)

Following the pursuit of legal action against popular Bitcoiner Hodlonaut for making “defamatory” statements about Craig Wright’s claim of being Satoshi Nakamoto, the CEO of Binance, Changpeng Zhao has affirmed that Wright is not Satoshi, boldly writing it on his Twitter page and threatening to delist Bitcoin SV on Binance Exchange which Wright has strong […] The post Binance CEO CZ Affirms Craig Wright Isn’t Satoshi Nakamoto, Threatens to Delist Bitcoin SV (BSV) appeared first on ZyCrypto.

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CME Sees Bitcoin Futures Reaching New Highs, Analyst Affirms BTC Operates on Buzz

The price surge in the Bitcoin market has boosted the Bitcoin futures market as well, at least what Bloomberg recently reported. Last week, CME Bitcoin futures reached a record of 22,542 contracts. As each contract is worth 5 BTC, this is the equivalent of 112,710 BTC (around $546 million USD). Asian markets traded more than […]

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Tim Draper Says Bitcoin is Superior to Gold, Affirms BTC Will be $250,000 by 2022

Bitcoin billionaire and founder of Draper Associates Tim Draper has expressed confidence that Bitcoin (BTC) will be a common store of value as it is better than gold in this respect. Tim mentioned this in an interview with CryptoWendy.

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Crypto Market ‘Bullish’ in Wake of Bitcoin’s 20% Surge

Cryptocurrency prime dealer SFOX released its monthly volatility report this week, and while it is not all plain sailing for the crypto market the indicator clearly affirms that this week’s massive Bitcoin price rally was built on a firm foundation.

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Today’s Bitcoin Market Resembles Industry In 2016 Before The $20,000 Bull Run, Messari CEO Affirms

Current Bitcoin Market Resembles Industry In 2016 Before The $20,000 Bull Run, Messari CEO Affirms Everybody is hyped in the crypto industry this week. The price of Bitcoin was finally able to push forward the $4,200 USD barrier and it has grown fast to the $5,000 USD base price, in which the token is right […]

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Israeli Court Affirms Bank Should Not Have Shut Down Crypto Mining Farm’s Account For Money Laundering

Israeli Court Affirms That Bank Should Not Have Shut Down Mining Farm’s Account An Israeli court has recently ruled in favor of a Bitcoin mining farm which had its banking account closed down by a local banking institution over concerns of money laundering.

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Bitcoin Cash Jesus Roger Ver Affirms Altcoins Are The Layer Two Scaling Solution of Bitcoin

The founder of Bitcoin Cash (BCH), Roger Ver, has been criticizing the Lightning Network a lot lately. In fact, he’s doing it since forever by affirming that the layer two scaling solution is far from being as good as it claims to be.

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CNBC’s Ran Neuner Affirms XRP Is Way Faster and Cheaper than Bitcoin

Anthony Pompliano makes it a habit to show his social media followers the differences between cryptocurrency and fiat money. He took to Twitter once again to display the difference in time and fees one would spend to send money abroad.

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Bitcoin Would Survive a Recession, But Ethereum May Not, Cosimo Ventures Analyst Affirms

A recent report made by Kyle Chapman, a partner of Cosimo Ventures, a tech venture capital company, has recently affirmed that Bitcoin has big chances of coming out alive of a recession. However, Ethereum, as the report states, will maybe not be so lucky as its bigger brother. The argument is mostly that Bitcoin is […]

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John McAfee Affirms One Bitcoin Will Equal a Million Dollars Before The End of 2020

A British-American Programmer and the founder of McAfee Association declared with all assurance that one bitcoin will equal a million dollar by the end of December 2020. Speaking in an interview, the programmer said he will eat his private part if his prophecy doesn’t come to pass.

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Anthony Pompliano Says Why Bitcoin Will Be The New Global Reserve Currency Of The World

Bitcoin Will Be The New Global Reserve Currency Of The World, Anthony Pompliano Affirms 2019 has started some time ago and there is a clear trend forming now: institutional investors are slowly but surely entering the Bitcoin world.

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Blockchain Analyst Expert Affirms Nearly $2.5 Million USD Is Stolen From Bitcoin Exchanges Daily

If there is only a single aspect that crypto companies need to focus on during 2019 to be able to achieve better results is security. At least that’s our take after seeing what Hartej Sawhney has to say.

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Prominent Crypto Trader Mark Dow Affirms Bitcoin Investors Need To Sell BTC If Prices Go Below $3,000 USD

Mark Dow, a Bitcoin trader, has recently affirmed that Bitcoin could be in trouble if its prices do not go up soon again. According to him, it is critical that the token is able to escape the $5,000 to $6,000 USD range in the short-term or it may face some dire consequences if it does […]

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